South Asia

Only 3 percent of the more than 1,000 tax recommendations made by the International Monetary Fund (IMF) to governments in recent years focus on taxing wealth and income from wealth, new analysis by Oxfam reveals ahead of the IMF and World Bank Spring Meetings in Washington, D.C.

In response to the onslaught of super Typhoon Goni, which hit the Philippines earlier this month and left hundreds of thousands without a home, Oxfam together with international and local partners is supporting 49,000 people in the hardest-hit areas of the Bicol region with lifesaving aid.

Rising inequality poses a dire threat to continued prosperity in Asia, where an estimated 500 million people remain trapped in extreme poverty, most of them women and girls.